Tidal energy project and technology developer Mako Tidal Turbines has filed for bankruptcy in Australia as it failed to record any generated income to date.

Illustration/MAKO tidal turbine (Courtesy of MAKO Tidal Turbines/Archive)

The Sydney-based company has appointed Adam Bernard Preiner as an administrator to handle the process on September 17, 2020, according to Integra Restructuring & Insolvency, a chartered accountant firm that specialises in corporate insolvency.

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This post appeared first on Offshore Energy.

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